Kristian Niemietz
7 December 2012
Right from the start, the guiding question behind the coalition’s fiscal strategy has been ‘Which consolidation measures are least likely to get us into trouble?’ rather...
Richard Wellings
5 December 2012
At the time of the last Autumn statement, the Office for Budget Responsibility (OBR) was predicting growth of 0.7 per cent in 2012, followed by 2.1 per cent in 2013, 2.7 per cent in 2014 and a...
Philip Booth
3 December 2012
Those attacking companies not paying corporation tax have opened up a new line of argument. Specifically, members of the House of Commons’ Public Accounts Committee have argued that because...
Richard Wellings
19 November 2012
According to a review commissioned by the Department of Social Security, ‘the costs of travelling to work will ... be a factor in some people’s decisions about whether to look for or...
Vuk Vukovic
14 November 2012
A lot of pro fiscal stimulus arguments in the USA and the UK come from the classical zero lower bound (ZLB) assumption, in which conventional monetary policy is said to be ineffective...
Philip Booth
12 November 2012
Who among Sunday Telegraph readers has not tried to avoid paying tax? I should imagine that most married readers keep their assets in the name of the spouse with the lowest tax rate.
And I...
Christopher Snowdon
22 October 2012
Are the British developing a taste for smuggled booze and moonshine? There was a five-fold increase in the number of seizures of counterfeit alcohol by Trading Standards between 2008/09 and 2010/11...
Philip Booth
17 October 2012
At a meeting in the House of Commons yesterday, I was asked to describe the characteristics which should be possessed by the next Governor of the Bank of England. These were my thoughts...
Philip Booth
26 September 2012
It is difficult to think of a policy that is as ill-conceived on so many levels as the coalition's announcement on Sunday to encourage parents to guarantee their children's mortgages....
Philip Booth
21 September 2012
I was surprised to see The Times run a front page, a three page feature and a leader on tax avoidance yesterday. The arguments used by The Times, and the specific examples highlighted were...
Duncan Stoddard
4 September 2012
‘Buy land, they're not making it anymore.’ - Mark Twain
The UK economy is beset by three compounding problems: no growth, a high deficit and a constricting...
Philip Booth
31 August 2012
Once again, we hear calls for a wealth tax not just from Nick Clegg and Simon Hughes, but also from Tim Montgomerie.
These calls cannot go unchallenged. A wealth tax is a pernicious tax because...
Prerna Aswani
29 August 2012
Under the Reagan Presidency (1980-1988), income tax was cut across the board and the top rate of income tax reduced from 70% to 28%. The dramatic nature of the change in tax policy makes this a...
Richard Wellings
22 August 2012
Relying on growth was always going to be a risky strategy. Yet a healthy recovery, with robust GDP increases of 2%-plus, formed the core of the government’s deficit reduction plan. In this...
Philip Booth
26 July 2012
The statisticians will be arguing about the last quarter’s growth figures for years. Was it really a 0.7 per cent fall in national income, a 0.9 per cent fall or a 0.5 per cent fall? If it...
Vuk Vukovic
23 July 2012
Europe is once again on the edge of the cliff. Spain is out of money to finance itself and its banks; Greece, even though the pro-bailout coalition was formed, remains Europe’s...
Philip Booth
10 July 2012
It is perhaps surprising that senior people in the Catholic Church have been relatively quiet in the recent debate about tax avoidance. But, keeping quiet is probably a good strategy. After all,...
Tom Papworth
25 June 2012
The Orange Book's authors made the book what it is. Had it not been for David Laws MP and Paul Marshall, it might have been nothing more than an obscure collection of policy articles...
Len Shackleton
21 June 2012
I admit that I’ve never been a fan of Jimmy Carr and am surprised to learn just how much he has apparently been earning for his rather predictable anti-establishment comedy. But if...
Kwasi Kwarteng
31 May 2012
Britain currently has two emergency fiscal rules. There is a commitment, roughly speaking, to eliminate the structural deficit and to start shrinking net debt by 2015-6. These short term measures...